On Sun, Jun 03, 2001 at 05:47:49PM -0700, Tim May wrote:
> And, of course, Cypherpunks should realize this is a business
> opportunity...long term. If in fact all American brokerages and banks
> are willing to sell out their customers' privacy, then there should
> be a market for banks and brokerages which are more willing to
> protect privacy. (Even modulo U.S. banking laws...none of which
> require a bank or brokerage or credit card company to sell customer
> data to K-Mart and Martha Stewart.)
Tim explains the situation very well. Some people will prefer a more
"privacy" protective approach, and some actually will like getting
mailings about discount brokerages, trips to Hawaii, and so on. Not
everyone wants a privacy-protective solution, and the market will
evolve to reflect it.
I understand that only about 10-15 percent of people change their
opt-in/out preferences, so defaults are important.
-Declan
